Bitcoin
Why Bitcoin is down 1.7% today
Analysis
Bitcoin fell 1.7% over the past 24 hours as risk sentiment softened amid reports of multiple attacks hitting Bitcoin- and Ethereum-linked protocols, with losses totaling about $35 million, which likely weighed on broader crypto confidence. At the same time, traders continued to focus on ETF-flow and macro narratives—Grayscale’s view that BTC may have bottomed “if the Fed helps” underscores uncertainty around near-term policy support, while market coverage noted BTC “fighting for $66K,” reflecting ongoing pressure around key levels.
Contributing Factors (3)
Bitcoin May Have Already Bottomed—If the Fed Helps, Says Grayscale
The crypto asset manager thinks the four-year cycle is dead, suggesting Bitcoin's price will follow macro forces and the Fed's next move.
Bitcoin, Ethereum-linked protocols lose $35 million in multiple attacks hours apart
The attacks hit Verus, B² Network and other cross-chain systems, showing how compromised keys, upgrade powers and validation checks can empty protocols without breaking the underlying cryptography.
DeXe Plunges 90% Daily, Bitcoin (BTC) Fights for $66K: Market Watch
DeXe is close to falling out of the top 100 alts by market cap. HYPE is also well in the red daily.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.